Dear Professionals,
For a SEZ unit, if we are purchasing car then can we utilise the input tax credit or the taxes will be cost to us.
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Sez unit : input tax credit for capital goods, cars
Replies (7)
ITC cannot be claimed for vehicles as per Sec 17(5) Blocked credits. Yes. It will be a cost and you can claim depreciation for car.
Yes... I agreed to Mr Rakesh Joshi.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
Ok, so this applies to SEZ too.
Yes ... Because supply to Sez unit the supplier cannot collect IGST from Sez but that is only in case of operational goods or services (The sez is dealing) & Car is not Operational goods & moreover its block u/s 17(5)
Yes... I agreed to Mr Pankaj Rawat.
Dear Mr. Pankaj,
In our case we are buying small truck which is used for carrying the goods from SEZ unit to Shipping port.
Pls confirm can we avail GST exception.
exemption on commercial vehicles for transport the goods can be availed.
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